EUR/GBP IG Client Sentiment: Our data shows traders are now net-short EUR/GBP for the first time since Oct 25, 2022 05:00 GMT when EUR/GBP traded near 0.87.
Traders are further net-short than yesterday and last week, and the combination of current sentiment […]
Can Nonfarm Payrolls Add Momentum to the US Dollar?
With the Fed meeting out of the way, investors will turn to the latest US […]
US Oct NFP To Give Fed Plenty of Room To Hike
The US labor market has taken a bit of a back seat as the Fed […]
Bank of England Delivers Jumbo Hike, Hints at Smaller Moves Ahead
Summary The Bank of England (BoE) raised its policy rate aggressively at today monetary policy […]
British Pound Breaks Down on BoE’s .75% Hike: GBP/USD, GBP/JPY
It was a sobering outlook from the Bank of England, warning of a ‘very challenging’ […]
BOE Delivers a “Dovish” 75bps Hike
In contrast to the Fed, the Bank of England has said that the peak interest […]
GBP/USD Plunges on Powell, BOE Warning
The British pound is sharply lower today. In the European session, GBP/USD is trading at […]
EURUSD Slips Back Below Downtrend Line
EURUSD came under strong selling pressure yesterday following Fed Chair Powell’s hawkish remarks, breaking back […]
Gold Price Set Up for More Losses
Gold continues to trade heavy below major support with a pattern developing that suggests more […]
US initial jobless claims dropped to 217k
US initial jobless claims dropped -1k to 217k in the week ending October 29, slightly […]
EURUSD: Euro Falls Further after Fed Signaled More Rate Hikes
The Euro extend a steep fall from 1.0090 zone double top, falling around 0.8% on […]
US ISM services fell to 54.4 in Oct, lowest since May 2020
US ISM Services PMI dropped from 56.7 to 54.4 in October, below expectation of 55.2. […]